It has been another exciting year for the UK’s largest science and technology park operator with strong customer demand across all science sectors.
This has been highlighted in particular by Citylabs 1.0 reaching full capacity within 15 months of opening and a strong pipeline of demand for space at the Alderley Park campus.
This continued growth, and work with start-up and small businesses, has also led to MSP being selected to run a new £20m Local Growth Fund initiative to provide funding to growing businesses.
Chairman Chris Oglesby said: “MSP has had an excellent year, and we are delighted to have played a very full and effective part in growing the region’s science and technology industrial base.
“Science and technology businesses are driving our economic growth, bringing high value jobs and investment, and strengthening Manchester’s position as the economic engine of the Northern Powerhouse.
“We are proud to offer the best facilities and support services to our customers, and our planned development of the MSP Central campus in tandem with our vision for Alderley Park will help to further drive investment and innovation.”
As well as the new funding, further direct support for science businesses is due to come from MSP and partners’ achievement this past year in securing Enterprise Zone status for both Manchester and Alderley Park campuses, a status which will provide important financial incentives for companies to generate additional high value jobs and economic growth.
MSP also successfully bid against 33 other cities for £10m of Innovate UK funding to create a large-scale Internet of Things (IOT) demonstrator within Manchester’s Innovation District. The IOT is a technology revolution with the potential to transform industries, governments, and cities.
The Manchester project, called CityVerve, will demonstrate the power of IoT technologies to revolutionise and improve city services across health and social care, transport and mobility, energy and environment, culture and the public realm.
CityVerve will take advantage of the new integrated powers and responsibilities created by devolution in Manchester, and brings together an ambitious multi-sector consortium, including global industry partners, leading UK universities, public sector agencies and innovative SMEs.